Legal Reserve Watch ’14: JPMorgan Chase

Author:
Updated:
Original:

Jamie Dimon may have to squirrel away a few extra dollars, as the SEC and OCC team up to see whether JPMC was a little bit too proud of some of its world-class investment funds.

The Securities and Exchange Commission is investigating whether J.P. Morgan Chase & Co. inappropriately steered private-banking clients to its own investment products and away from those offered by outside firms, according to people close to the probe.

J.P. Morgan Faces More Questions on Conflicts of Interest [WSJ]

Related

(Getty Images)

JPMorgan Has Either Gotten Worse Or Way Better At Money Laundering

Either way, the regulators don’t think they need extra monitoring anymore.

Barclays Legal Reserve Has Plenty Of Room To Grow

Which is a good thing, because it's got a lot more fines to pay off.